Rent appropriation of knowledge-based assets and firm performance when institutions are weak: A study of Chinese publicly listed firms
Strategic Management Journal, pp. 892-911, 2017.
Research summary: A firmu0027s strategic investments in knowledge-based assets through research and development (Ru0026D) can generate economic rents for the firm, and thus are expected to affect positively a firmu0027s financial performance. However, weak protection of minority shareholders, weak property rights, and ineffective law enfo...More
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